Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed - S&P Global Ratings’ Credit Research

Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed

Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed - S&P Global Ratings’ Credit Research
Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed
Published Mar 20, 2025
3 pages (1468 words) — Published Mar 20, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' long-term rating on Indianapolis ' thermal energy system (doing business as Citizens Energy Group ) debt outstanding. At the same time, S&P Global Ratings assigned its 'A+' long-term rating to the thermal energy system's approximately $63 million series 2025A first-lien utility revenue bonds, issued by the Indiana Finance Authority . The outlook revision reflects healthy fixed-cost coverage (FCC) and liquidity in fiscal 2024 and our expectation that FCC will materially improve in the next several years as debt service declines. ENGLEWOOD (S&P Global Ratings) March 20, 2025--S&P Global Ratings today took the rating actions listed above. In our view, the thermal energy system's climate-transition risk exposures

  
Brief Excerpt:

...S&P Global Ratings revised the outlook to positive from stable and affirmed its 'A+' long-term rating on Indianapolis' thermal energy system (doing business as Citizens Energy Group) debt outstanding....

  
Report Type:

Ratings Action

Issuer
Indianapolis
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed" Mar 20, 2025. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Citizens-Energy-Group-IN-Debt-Rating-Outlook-Revised-To-Positive-On-Healthy-Fixed-Cost-Coverage-Liquidity-A-Rating-Affirmed-3340764>
  
APA:
S&P Global Ratings’ Credit Research. (). Citizens Energy Group, IN Debt Rating Outlook Revised To Positive On Healthy Fixed-Cost Coverage, Liquidity; 'A+' Rating Affirmed Mar 20, 2025. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Citizens-Energy-Group-IN-Debt-Rating-Outlook-Revised-To-Positive-On-Healthy-Fixed-Cost-Coverage-Liquidity-A-Rating-Affirmed-3340764>
  
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